FIRST BALLYEASTON CONGREGATION OF THE
PRESBYTERIAN CHURCH IN IRELAND
Trustees Annual Report and Financial Statements for the year ended 31 December 2023
Charity Accounts
Registered Charity in Northern Ireland (NIC104880)
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FIRST BALLYEASTON CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY for the year ended 31 December 2023
| Note | Unrestricted | Restricted | Endowment | Total | Total | |
|---|---|---|---|---|---|---|
| Funds | Funds | Funds | 2023 | 2022 | ||
| £ | £ | £ | £ | £ | ||
| Income from: | ||||||
| Donations and legacies | 2 | 114,273 | 29,918 | - | 144,191 | 137,700 |
| Charitable activities | 3 | 607 | 6,271 | - | 6,878 | 7,754 |
| Other trading activities | 4 | 2,729 | 5,577 | - | 8,306 | 6,287 |
| Investment Income | 5 | 955 | 41 | - | 996 | 726 |
| Other | 6 | 1,869 | 4,070 | - | 5,939 | 8,213 |
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| Total Income | 120,433 | 45,877 | - | 166,310 | 160,680 | |
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| Expenditure on: | ||||||
| Raising funds | 7 | 1,651 | - | 1,651 | 2,061 | |
| Charitable activities | 8 | 117,219 | 59,750 | - | 176,969 | 159,312 |
| Other | 8 | - | - | - | - | 690 |
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| Total Expenditure | 118,870 | 59,750 | - | 178,620 | 162,063 | |
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| Net Income / | 1,563 | (13,873) | - | (12,310) | (1,383) | |
| (Expenditure) | ||||||
| Transfers between funds | 21 | (378) | 357 | - | - | |
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| Net movement in funds | 1,584 | (14,251) | 357 | (12,310) | (1,383) | |
| Funds brought forward | 22,315 | 67,957 | 99,665 | 189,937 | 191,320 | |
| ---------- | --------- | ---------- | ---------- | ---------- | ||
| Funds carried forward | 11 | 23,899 | 53,706 | 100,022 | 177,627 | 189,937 |
| ====== | ====== | ====== | ====== | ====== |
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FIRST BALLYEASTON CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF ASSETS AND LIABILITIES
As at 31 December 2023
| s at 31 December 2023 | |||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total Funds | Total Funds | |
| Funds | Funds | Funds | 2023 | 2022 | |
| £ | £ | £ | £ | £ | |
| Funds Reconciliation | |||||
| Bank and Cash at start of year | 22,315 | 67,957 | 99,665 | 189,937 | 191,320 |
| Net movement in funds | 1,584 | (14,251) | 357 | (12,310) | (1,383) |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| Bank and Cash at end of year | 23,899 | 53,706 | 100,022 | 177,627 | 189,937 |
| ======- | ======= | ======= | ======= | ======= | |
| Bank & Cash Balances | |||||
| Bank Deposit Accounts | 90,729 | 99,665 | |||
| Bank Current Accounts | 86,441 | 89,929 | |||
| Cash in Hand | 457 | 343 | |||
| ---------- | ---------- | ||||
| 177,627 | 189,937 | ||||
| ======= | ======= | ||||
| Other Assets | |||||
| Fixed Assets – Note 9 | |||||
| - Church Premises & associated | 4,502,454 | 4,502,454 | |||
| fixtures, fittings & equipment | |||||
| - Manse | 507,793 | 507,793 |
|||
| - Manse Farm | 500,000 | 55,000 | |||
| - Vehicles | - | - | |||
| Investments | 100,022 | 99,665 | |||
| Gift aid receivable on donations | 22,440 | 21,007 | |||
| ---------- | ---------- | ||||
| 5,632,709 | 5,185,919 | ||||
| ======= | ======= | ||||
| Liabilities | |||||
| Loans | - | - | |||
| Other | 720 | 690 |
|||
| --------- | ---------- | ||||
| 720 | 690 | ||||
| ======= | ======= |
Approved by the Kirk Session at a meeting on 30[th] May 2024 and signed on its behalf by
Euel Agnew
Joe Bingham
30[th] May 2024
30[th] May 2024
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FIRST BALLYEASTON CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS
31 December 2023
1. ACCOUNTING POLICIES
BASIS OF FINANCIAL STATEMENTS
As the total income of the congregation is less than £250,000 the congregation has elected in accordance with the provisions in The Charities (Accounts and Reports) Regulations (Northern Ireland) 2015 to prepare its accounts on a receipts and payments basis.
FUND ACCOUNTING
Endowment funds are funds, the capital of which must be retained either permanently or at the congregation’s discretion; the income derived from the endowment is to be used either as restricted or unrestricted income funds depending upon the purpose for which the endowment was established in the first place.
Restricted funds comprise (a) income from endowments which is to be expended only on the restricted purposes intended by the donor and (b) revenue donations or grants for a specific congregational activity intended by the donor. Where these funds have unspent balances, interest on their pooled investment is apportioned to the individual funds on an average balance basis.
Unrestricted funds are income funds which are to be spent on the congregation’s general purposes. Designated funds are general funds set aside by the congregation for use in the future.
2. DONATIONS AND LEGACIES
| Unrestricted | Restricted | Endowment | Total | Total | |
|---|---|---|---|---|---|
| Funds | Funds | Funds | 2023 | 2022 | |
| £ | £ | £ | £ | £ | |
| Recorded giving: | |||||
| Loose collections | 97,658 | 14,830 | - | 112,488 | 105,312 |
| Donations and gifts | 2,926 | 6,888 | - | 9,814 | 10,737 |
| Gift Aid | 13,689 | 8,200 | - | 21,889 | 21,638 |
| Legacies and bequest | - | - | - | - | 13 |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| 114,273 | 29,918 | - | 144,191 | 137,700 | |
| ---------- | ---------- | ---------- | ---------- | ---------- |
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FIRST BALLYEASTON CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d)
31 December 2023
3. CHARITABLE ACTIVITIES
| Unrestricted | Restricted | Endowment | Total | Total | |
|---|---|---|---|---|---|
| Funds | Funds | Funds | 2023 | 2022 | |
| £ | £ | £ | £ | £ | |
| Income from charitable activities | |||||
| Fees from weddings and funerals | 100 | 3,150 | - | 3,250 | 1,600 |
| Fundraising events | 507 | 2,352 | - | 2,859 | 3,472 |
| Membership fees | - | 769 | - | 769 | 1,195 |
| Grants | - | - | - | - | 1,487 |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| 607 | 6,271 | - | 6,878 | 7,754 | |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| 4. OTHER TRADING ACTIVITIES | |||||
| Unrestricted | Restricted | Endowment | Total | Total | |
| Funds | Funds | Funds | 2023 | 2022 | |
| £ | £ | £ | £ | £ | |
| Letting of premises | 2,410 | 5,175 | - | 7,585 | 5,560 |
| Trading income | 319 | 402 | - | 721 | 727 |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| 2,729 | 5,577 | - | 8,306 | 6,287 | |
| ---------- | ---------- | ---------- | ---------- | ---------- |
5. INVESTMENT INCOME
| Unrestricted | Restricted | Endowment | Total | Total | |
|---|---|---|---|---|---|
| Funds | Funds | Funds | 2023 | 2022 | |
| £ | £ | £ | £ | £ | |
| Deposit interest | 459 | 4 | - | 463 | 282 |
| General Investment Fund | - | - | - | - | - |
| Rents investment properties | - | - | - | - | - |
| Other investment income | 496 | 37 | - | 533 | 444 |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| 955 | 41 | - | 996 | 726 | |
| ---------- | ---------- | ---------- | ---------- | ---------- |
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FIRST BALLYEASTON CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d)
31 December 2023
6. OTHER INCOME
| Unrestricted | Restricted | Endowment | Total | Total | ||
|---|---|---|---|---|---|---|
| Funds | Funds | Funds | 2023 | 2022 | ||
| £ | £ | £ | £ | £ | ||
| Insurance claims | 1,200 | - | - | 1,200 | 7,494 | |
| Other income | 669 | 4,070 | - | 4,739 | 719 | |
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| 1,869 | 4,070 | - | 5,939 | 8,213 | ||
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| . | RAISING FUNDS | |||||
| Unrestricted | Restricted | Endowment | Total | Total | ||
| Funds | Funds | Funds | 2023 | 2022 | ||
| £ | £ | £ | £ | £ | ||
| FWO envelopes | 1,100 | - | - | 1,100 | 1,315 | |
| Fundraising events | 551 | - | - | 551 | 746 | |
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| 1,651 | - | - | 1,651 | 2,061 | ||
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| . | CHARITABLE ACTIVITIES | |||||
| Unrestricted | Restricted | Endowment | Total | Total | ||
| Funds | Funds | Funds | 2023 | 2022 | ||
| £ | £ | £ | £ | £ | ||
| General Assembly Assessments | 19,758 | - | - | 19,758 | 18,839 | |
| Presbytery fees | 1,506 | - | - | 1,506 | 1,507 | |
| Ministry and support costs (Note | 74,368 | 4,535 | - | 78,902 | 75,216 | |
| 10) | ||||||
| Congregational running expenses | 20,316 | 34,601 | - | 54,917 | 41,414 | |
| Donations to Missions and | 550 | 20,614 | - | 21,164 | 22,336 | |
| charities | ||||||
| Governance costs | 720 | - | - | 720 | 690 | |
| ---------- | ---------- | ---------- | ---------- | ---------- | ||
| 117,219 | 59,750 | - | 176,969 | 160,002 | ||
| ---------- | ---------- | ---------- | ---------- | ---------- |
7. RAISING FUNDS
8. CHARITABLE ACTIVITIES
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31 December 2023
FIRST BALLYEASTON CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d)
9. FIXED ASSETS
The congregation owns the Church premises situated at Ballyeaston Village, Ballyeaston, and the associated fixtures, fittings, plant and machinery. These have an insurance value of £4,502,454 as at 31st October 2023. The congregation owns land at 10 Lower Ballyboley Road connected to the Manse with an estimated market value of £495,154.
10. INVESTMENTS
General Investment Fund Property Other Investments |
2023 £ - - 100,022 100,022 |
2022 £ - - 99,665 |
|---|---|---|
99,665 |
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FIRST BALLYEASTON CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d)
31 December 2023
11. FUND BALANCES
| Fund | Balance at | Receipts | Payment | Surplus / | Transfer | Balance |
|---|---|---|---|---|---|---|
| start | (Deficit) | at end | ||||
| £ | £ | £ | £ | £ | £ | |
| Unrestricted Funds | ||||||
| General Revenue | (11,223) | 105,076 | (98,838) | 6,616 | 15,378 | 10,393 |
| Harvest Appeal | 15,000 | 15,000 | (15,000) | - | (15,000) | - |
| Annie Fenton Bequest | 18,538 | 357 | (5,032) | (5,032) | (357) | 13,506 |
| ---------- | ---------- | ---------- | ---------- | ---------- | ---------- | |
| 22,315 | 120,433 | (118,870) | 1,584 | 21 | 23,899 | |
| ---------- | ---------- | ---------- | ---------- | ---------- | ---------- | |
| Restricted Funds | ||||||
| Manse Farm | - | 5,175 | (5,175) | - | - | - |
| Property/Building Fund | 59,387 | 10,388 | (26,700) | (10,389) | 5,923 | 48,998 |
| United Appeal | - | 10,019 | (10,019) | - | - | - |
| World Dev./Mod. Appeal | - | 2,408 | (2,408) | - | - | - |
| Presbyterian Orphan Society | - | 2,152 | (2,152) | - | - | - |
| Glissmann | - | - | - | - | - | - |
| Student Bursary | - | - | - | - | - | - |
| Hope 365 | - | - | - | - | - | - |
| Other Appeals | - | 3,828 | (3,828) | - | - | - |
| Christian Aid | - | 638 | (638) | - | - | - |
| Poppy Appeal | - | 139 | (139) | - | - | - |
| Harvest Appeal | - | 4,523 | - | - | (4,523) | - |
| McIlwaine Bequest | 15 | 1 | - | 6 | 5 | 21 |
| Choir | 187 | 300 | (261) | 89 | 50 | 276 |
| Sunday School | 591 | 224 | (743) | (25) | 494 | 566 |
| Catering Group | 397 | 3,170 | (393) | (23) | (2,800) | 374 |
| Presbyterian Women | 2,938 | 576 | (2,257) | (1,681) | - | 1,257 |
| Youth Fellowship | 444 | 0 | (211) | (211) | - | 233 |
| Girls Brigade | 3,809 | 1,986 | (4,566) | (2,107) | 473 | 1,702 |
| Bowling Club | 189 | 350 | (260) | 90 | - | 279 |
| ---------- | ---------- | ---------- | ---------- | ---------- | ---------- | |
| 67,957 | 45,877 | (59,750) | (14,251) | (378) | 53,706 | |
| ---------- | ---------- | ---------- | ---------- | ---------- | ---------- |
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| Endowment Funds | ||||||
|---|---|---|---|---|---|---|
| Progressive Building Society | 7,515 | - | - | - | - | 7,515 |
| Progressive Building Society | 1,777 | - | - | - | - | 1,777 |
| Florence Bailie | 19,104 | - | - | 75 | 75 | 19,179 |
| Jean Houston | 1,000 | - | - | 4 | 4 | 1,004 |
| Annie Fenton Bequest | 70,269 | - | - | 278 | 278 | 70,547 |
| ---------- | ---------- | ---------- | ---------- | ---------- | ---------- | |
| 99,665 | - | - | 357 | 357 | 100,022 | |
| ---------- | ----------- | ----------- | ----------- | ----------- | ---------- | |
| Total | 189,937 | 166,310 | (178,620) | (12,310) | - | 177,627 |
| ---------- | ---------- | ---------- | ---------- | ---------- | ---------- |
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